What was the net change in the number of total Beehive Homes locations in 2023?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
| Home Type | Year | Homes at the start of the year | Homes at the end of the year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 198 | 201 | 3 |
| “ | 2023 | 201 | 199 | < 2 > |
| “ | 2024 | 199 | 201 | 2 |
| Company Owned | 2022 | 0 | 0 | 0 |
| “ | 2023 | 0 | 0 | 0 |
| “ | 2024 | 0 | 0 | 0 |
| Total Homes | 2022 | 198 | 201 | 3 |
| “ | 2023 | 201 | 199 | < 2 > |
| “ | 2024 | 199 | 201 | 2 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 28–33)
What This Means (2025 FDD)
According to Beehive Homes's 2025 Franchise Disclosure Document, the net change in the number of total Beehive Homes locations in 2023 was a decrease of 2 homes. At the start of 2023, there were 201 total homes, which decreased to 199 homes by the end of the year. This includes both franchised and company-owned homes.
This information is crucial for potential franchisees as it provides a snapshot of the system's growth or contraction. A decrease in the number of homes could indicate challenges within the franchise system, such as closures or terminations, which would warrant further investigation.
It's important to note that while the total number of homes decreased, this doesn't necessarily mean the Beehive Homes system is failing. Factors such as strategic closures or transfers of ownership could contribute to this change. Prospective franchisees should inquire about the reasons behind the net decrease and assess whether it aligns with their investment goals and risk tolerance.